BGT Bright Things

 

TIDMBGT 
 
RNS Number : 4122N 
Bright Things plc 
17 February 2009 
 

17 February 2009 
 
 
Bright Things Plc 
("Bright Things" or the "Company") 
 
 
Issue of Equity 
 
 
 
 
Bright Things today announces that is has issued 8,000,000 new ordinary shares 
of 1p each (the "Shares") to Get On With It Ltd ("GOWIT") in lieu of certain 
fees and part of an incentive program. GOWIT has been contracted by the Bright 
Things Group to complete the development of SocialGo, the Company's software 
product offering that allows users to create their own private social network. 
 
 
The shares have been issued under an agreement made with GOWIT in October 2008 
whereby GOWIT agreed to take 8,000,000 ordinary shares together with a one for 
one warrant exercisable at 5p. 
 
 
Following the issue of the Shares to GOWIT, GOWIT will be interested in 
8,000,000 ordinary shares representing 5.9% of the Company's issued share 
capital. 
 
 
The Shares will rank pari passu with the existing issued ordinary shares in the 
Company. Application has been made to the London Stock Exchange for the Shares 
to be admitted to AIM and are expected to be admitted to trading on AIM on 20 
February 2009. 
 
 
The total number of ordinary shares in issue following the issue of shares is 
135,676,328. 
 
 
SocialGO has completed the beta testing and has announced the full pricing 
subscription service for its customers, and has started to receive its first 
paying customers. The company is pleased with the progress that has been made, 
and to date that over 28,000 networks have been registered, with 22,000 being 
registered in the last two and a half months alone. Networks vary in size from 
single user who are experimenting with the site to multiple user networks, 
ranging from advertising supported free sites to those which pay for premium 
services. 
 
 
SocialGO has launched three pricing plans, "Free", "Starter" and "Premium" that 
allow functionality rich social networks to be created without any computer 
programming skills through a simple point and click administration panel.  The 
"Free" plan allows members to trial the software with some functional 
limitations but at no cost.  For US$4.99 per month, the "Starter" plan removes 
advertising that SocialGO feeds into the "Free" plans.  The Premium plan 
provides more advanced features plus additional bandwidth and storage for 
US$24.99 per month.For further details about pricing and features please go 
to: http://files.static.socialgo.com/sogopricing.pdf. 
 
 
Three options have been launched to compliment the base plans, "White 
Labelling", "Member Billing" and "Extra Bandwidth & Storage Blocks".  The "White 
Labelling" option removes all references to SocialGO throughout the software for 
$19.99 per month.  The "Member Billing" option at $19.99 per month allows 
network owners to charge their members subscription fees.  "Extra Bandwidth and 
Storage Blocks" allow networks to be scaled as required for $9.99 per month per 
additional block. 
 
 
 
 
 
 
 
 
Bright Things PLC0845 299 7289 
Dominic Wheatley, CEO 
Edward Levey, Finance Director 
 
 
HB Corporate                                 020 7510 8600 
Luke Cairns/ Rory Creedon 
 
 
Threadneedle Communications     020 7653 9850 
 Graham Herring 
 Alex White 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOECKAKQOBKDBBD 
 

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